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MindGeek, the owner of Pornhub, sold to a private equity firm

Many adult entertainment websites owned by MindGeek, including Pornhub, Brazzers, and Redtube, were purchased by a Canadian private equity company, Ethical Capital Partners (ECP). The deal’s specifics were kept under wraps by ECP, which was only founded last year. With ECP’s resources and extensive expertise spanning regulatory, law enforcement, public …

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Geniee of Japan purchases Zelto, an AdPushup operator, for $70 million

According to a person with knowledge of the situation, the Japanese marketing technology company Geniee, a member of the SoftBank Group, paid about $70 million in cash to acquire the revenue optimization platform Zelto (previously known as AdPushup), providing investors in the startup that started out in India with a …

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The largest hydrogen fuel cell ever to fly takes to the skies thanks to Universal Hydrogen

Co-founder and CEO Paul Eremenko called it the start of a “new golden age of aviation” as a Universal Hydrogen-branded jet made its first test flight in eastern Washington using the largest hydrogen fuel cell ever used to power an aircraft. Even though the 15-minute test flight of the modified …

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Amazon is in talks to buy MX Player, a major player in Indian video

According to four people with knowledge of the situation, Amazon is in talks with Times Internet to investigate buying MX Player, one of the biggest on-demand video streaming services in India, as the American e-commerce company looks to expand its entertainment ambitions in the important international market. Three sources warned …

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Reddit claims that after a phishing attack, hackers gained access to employee data

A “highly-targeted” phishing attack led to the access of internal documents and source code, according to Reddit. Reddit’s chief technology officer, Christopher Slowe, also known as KeyserSosa, stated in a post that on February 5, the company learned about the “sophisticated” attack aimed at Reddit staff members. According to him, …

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Otonomo, a mobility data company with a 2021 SPAC IPO valuation of $1.4B, was acquired by Urgent.ly as its market cap fell to $70M

Otonomo, a connected automotive company that went public in 2021 and has seen a sharp decline in the value of its stock, recently announced a reverse merger with roadside assistance tech company Urgent.ly. In an all-share merger, Urgently shareholders will receive 67% of the combined company, and Otonomo shareholders will …

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